As more people use the internet to look up real estate agents and brokers, finding one that you trust can be tricky. There are many ways some agents take advantage of consumers, making it difficult for potential customers to identify legitimate professionals.
Agents may offer expensive services or perks as part of their service, which is great if you’re able to afford them but not necessarily if you’re paying top dollar already.
Some agencies make excessive advertising promises to get new business, taking away from resources that could have been spent helping other clients.
Lastly, some agents charge high fees for their services, adding onto the cost of buying or selling a property. These extra costs can easily add up quickly!
Agent rip-offs happen because individuals and companies produce cheap products that satisfy a need at first, before improving upon them. It is possible to do good work while also making money however hard this may be.
Something that real estate agents should keep in mind is that even though they may feel like they’re doing good things, they may actually hurting others in the process. People who try to help others may face backlash and negative comments about how they are wasting their time or energy on someone that doesn’t appreciate it.
Take photos of your home to look at before you list it
Many real estate agents will not show their clients all of the features of a house they are trying to sell, due to cost.
They will instead take some pre-packed pictures of the house that don’t do it any justice and present them as if they had taken far better quality ones earlier.
These poor quality pictures can easily be refuted by going outside to check out the view or walking around the property to see what effects there are.
By not showing everything about a house, the agent is leaving out important information that could hurt their sale. This article will talk more in detail.
Only list with the best real estate agency
As mentioned earlier, being represented by the right agent is one of the most important things you can do to ensure your home sale or buying experience goes as smoothly as possible.
Too often people make the mistake thinking that any old real estate professional will do just fine. While some brokers are much better than others, this isn’t always the case.
As such, it’s very important to know what makes for the best real estate agents so that you don’t have to go through the hassle of looking for them yourself. After all, you want someone who is going to be there for you!
That’s why in this article we’re going to talk about how real estate agents are ripping off their clients. Now, before you start firing off angry messages at the ones listed below, remember that none of these individuals intend to hurt anyone- they’re only doing their job.
But still, giving them adequate compensation can definitely help mitigate the damage they may have done to you. And hopefully you’ll come across something here that helps you find the ideal agent for your needs.
Only list your home with a real estate agent you know and trust
While some agents are more professional than others, they all share one common goal — to get their agent license and make money in the same way. Some will do it through hard sales, while other will use weaker sellers and buyers as resources to close deals.
Some even go so far as to create fake listings or empty homes to draw potential house hunters just because they can! All of these things are fraudulent practices that should be avoided at any cost.
If someone does anything that feels too suspiciously like a fraud, report them immediately! There are many ways to deal with this kind of behavior, but the best course of action is to speak up and let people know what’s going on.
Only list your home with a real estate agent that will help you get the best price
As mentioned before, as a seller you do not need to use a professional real estate agent when listing your house. You can advertise your property yourself, but there are some things agents do that cost money or take time away from selling other properties they have on their books.
Agents pay for this using either of two systems: The first is what’s called the dual agency system. Here an agent represents both the buyer and seller, which costs them nothing unless someone buys directly from the market.
The second system is called referral fees, where agents get paid by brokers who send buyers their way. This is very common in Australia and England, but not so much here in the United States.
